Resgreen Group International, Inc. (RGGI) Signs Letter of Intent with RB Capital Partners, Inc.
December 16 2020 - 8:30AM
InvestorsHub NewsWire
Resgreen
Group International, Inc.
(RGGI)
Signs Letter of Intent with RB Capital
Partners, Inc.
CLINTON TOWNSHIP,
MI -- December 16, 2020 -- InvestorsHub NewsWire
-- Resgreen Group International, Inc (OTC
PINK:
RGGI),
a leading mobile
robot company, today announced that
it has executed on a signed letter
of intent with California based RB Capital
Partners, Inc. ("RB Capital")
to receive
$500,000+ of financing over the next six months. The Company has
already received the first tranche of
$100,000 from RB Capital
as the demand for
its UV-C products and Autonomous Mobile Robot (AMR)
is growing.
Much of this funding is
dedicated to the purchase of inventory needed to finish assembly of
the Wanda II and Pull Buddy orders, as well as to prepare additional
equipment inventory for impending sales that are anticipated from
the early interest we have received.
CEO, Parsh Patel stated, "I
am overly excited to have the fine folks with RB Capital Partners
as true partners. I see the terms of the note as an extraordinarily
strong vote of confidence from them of the future value of the
company. Consequently, this will also mean that we will not be
raising any capital from the REG A registration at this
time."
To watch video of Wanda
disinfecting mobile robot in action, please visit
https://youtu.be/KFqjpxI9Rgc.
About Resgreen Group
International, Inc.:
RGGI is a leading developer
of Artificial Intelligence Robotics (AIRs), Autonomous Mobile
Robots (AMRs), and Automatic Guided Vehicles (AGVs). RGGI's highly
skilled engineers have years of experience in the material handling
and robotics industries, which has led to significant intellectual
property for the company. RGGI also provides consulting
services including backend operational oversight, material handling
assessment, work-flow analysis, and steady state yield management
using artificial intelligence, technology and management systems.
For more information visit http://resgreenint.com.
Safe Harbor
Statement: Safe harbor from liability
established by the Private Securities Litigation Reform Act of
1995. These forward-looking statements generally can be identified
by phrases such as Resgreen Group, RGGI
or its management
"believes," "expects," "anticipates," "foresees," "forecasts,"
"estimates" or other words or phrases of similar import. Similarly,
statements herein that describe the Company's business strategy,
outlook, objectives, plans, intentions, or goals also are
forward-looking statements. All such forward-looking statements are
subject to certain risks and uncertainties that could cause actual
results to differ materially from those in forward-looking
statements. Resgreen Group International
Inc.
Contact: Sarah Carlson
scarlson@companystorytellers.com
248.755.7680
cell
ResGreen Group International,
Inc.
Parashar (Parsh) Patel, President and CEO
Email: info@resgreenint.com
SOURCE: Resgreen Group International
Inc.
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